Routledge
A Practical Guide to Paying Off Your Mortgage Early
Product Code:
9781032286303
ISBN13:
9781032286303
Condition:
New
$52.59
Owning a property is a dream for many people, and borrowing from banks is often essential to achieve this. However, having a mortgage can cause real anxiety because of the latent fear of losing our home if we cannot keep up with mortgage payments. Traditionally, homeowners repay their debt over 25 years, but high house prices have made it necessary to increase the term up to 40 years to make monthly payments affordable. Spreading the debt over a longer period of time not only means that borrowers have to pay more interest, but they are also exposed to other risks such as potential interest rate rises and changes in personal circumstances affecting their mortgage eligibility. These can lead to financial worries, financial stress, and reduced well-being. There are few practical guides available to show borrowers how to manage their mortgage debt more effectively, and how to repay their mortgage quickly so that they are debt-free. This book seeks to empower consumers, young and old, by providing a roadmap to help borrowers achieve financial security through planning for the future, insuring their income, and setting up an emergency fund. It also outlines simple strategies for an early repayment of debt, including paying off the capital, making extra payments, and monitoring their mortgage debt. In doing so, it aims to help readers improve their general well-being, enhance their financial security, reduce their financial worries, and eliminate their 'mortgage insomnia'.
| Author: Lien Luu, Sukanlaya Sawang |
| Publisher: Routledge |
| Publication Date: Oct 22, 2024 |
| Number of Pages: NA pages |
| Language: English |
| Binding: Paperback |
| ISBN-10: 103228630X |
| ISBN-13: 9781032286303 |
A Practical Guide to Paying Off Your Mortgage Early
$52.59
Owning a property is a dream for many people, and borrowing from banks is often essential to achieve this. However, having a mortgage can cause real anxiety because of the latent fear of losing our home if we cannot keep up with mortgage payments. Traditionally, homeowners repay their debt over 25 years, but high house prices have made it necessary to increase the term up to 40 years to make monthly payments affordable. Spreading the debt over a longer period of time not only means that borrowers have to pay more interest, but they are also exposed to other risks such as potential interest rate rises and changes in personal circumstances affecting their mortgage eligibility. These can lead to financial worries, financial stress, and reduced well-being. There are few practical guides available to show borrowers how to manage their mortgage debt more effectively, and how to repay their mortgage quickly so that they are debt-free. This book seeks to empower consumers, young and old, by providing a roadmap to help borrowers achieve financial security through planning for the future, insuring their income, and setting up an emergency fund. It also outlines simple strategies for an early repayment of debt, including paying off the capital, making extra payments, and monitoring their mortgage debt. In doing so, it aims to help readers improve their general well-being, enhance their financial security, reduce their financial worries, and eliminate their 'mortgage insomnia'.
| Author: Lien Luu, Sukanlaya Sawang |
| Publisher: Routledge |
| Publication Date: Oct 22, 2024 |
| Number of Pages: NA pages |
| Language: English |
| Binding: Paperback |
| ISBN-10: 103228630X |
| ISBN-13: 9781032286303 |
Related Products
Createspace Independent Publishing Platform
How To Pay Off Your Mortgage In 5 Years: Slash Your Mortgage With A Proven System The Banks Don't Want You To Know About (Pay Off Your Mortgage Series)
$13.41
Createspace Independent Publishing Platform
Mortgage Free: Becoming Mortgage Free Without Sacrificing Your Lifestyle (Budgeting Money Management How To Pay Off Mortgage)
$10.65
